Gold prices in India remained steady to slightly lower on October 31, reflecting trends in the international bullion market.
Global gold prices hovered near US$2,340 per ounce, while the Indian market adjusted marginally in response to currency movements and festive demand.
Here’s a look at city-wise gold rates for 18K, 22K, and 24K gold:
City-Wise Gold Price (Per 10 Grams)
| City | 18 Carat (₹) | 22 Carat (₹) | 24 Carat (₹) |
|---|---|---|---|
| Delhi | 57,300 | 70,200 | 76,550 |
| Mumbai | 57,150 | 70,000 | 76,350 |
| Chennai | 57,900 | 70,800 | 77,100 |
| Kolkata | 57,200 | 70,050 | 76,400 |
| Bengaluru | 57,100 | 70,100 | 76,500 |
| Hyderabad | 57,150 | 70,200 | 76,550 |
| Ahmedabad | 57,250 | 70,150 | 76,450 |
| Pune | 57,200 | 70,000 | 76,400 |
(Rates may vary slightly depending on jewellers, taxes, and local premiums.)
What’s Driving Gold Prices Today?
Several factors continue to influence gold prices:
Global market trends: Slight correction in international gold prices after recent highs.
Dollar movement: A stronger dollar keeps domestic prices capped.
Festive demand: With Diwali season nearing, buying interest remains steady in Indian cities.
Geopolitical tension: Mild support from global uncertainty and central bank buying.
Festive Season Outlook
Jewellery demand has stayed resilient due to Akshaya Navami and Dhanteras shopping trends.
Analysts expect prices to stay range-bound until fresh economic cues emerge from the US Federal Reserve’s rate decision and India’s inflation data next week.
“Retail demand will remain supportive for gold through the festive months, even as global prices stabilize,” says commodity analyst R. Mehta.
FAQs:
1. What is the price of 24K gold in Delhi today?
As of October 31, 2025, 24K gold in Delhi is priced at ₹76,550 per 10 grams.
2. Which city has the highest gold rate today?
Chennai currently records the highest rate at ₹77,100 per 10 grams (24K) due to higher making charges and demand.
3. Why do gold rates differ across cities?
Prices vary because of transport costs, local taxes, jeweller margins, and demand fluctuations in regional markets.
4. Is this the right time to buy gold?
Analysts suggest gradual buying during dips, as long-term trends remain bullish due to global economic uncertainty.
5. How is 22K gold different from 24K?
22K gold contains 91.6% pure gold mixed with other metals for durability, while 24K is 99.9% pure gold—ideal for investment, not for jewellery.
Published on : 31st October
Published by : SMITA
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